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Marine Log

February 21, 2007

STX books first LNG ship order

Korea's STX Shipbuilding Co. has won an order worth 211 billion won (US$225 million) order for a liquefied natural gas (LNG) carrier for an undisclosed European client.

The order marks the shipbuilder's entry into the LNG carrier market.

According to a regulatory filing, the vessel is to be delivered by May 2010 and includes options for three further LNG tankers, bringing its potential value to $1 billion.